Tesla’s Technoking had a Damascene moment overnight, via Twitter: FT Alphaville isn’t sure why it took this long for one of the world’s geniuses to figure out what everyone already knew about Bitcoin’s carbon footprint, but there you go.Bitcoin dropped as much as 14 per cent on the back of the tweet, falling below ,000, though it has since recovered some of that to trade down a tenth or so on the day now, to ,755.The Hodlers aren’t happy. Davey Day Trader, aka retail guru and Barstool Sports founder Dave Portnoy, accused Musk shortly after of “pulling levels like the Wizard of Oz on crypto . . . he’s sending dogecoin up, he’s sending Bitcoin down”, before concluding, “this is bullshit”. Similarly, r/Bitcoin is up in arms, with some diamond-handed traders
FT Alphaville considers the following as important:
This could be interesting, too:
John H. Cochrane writes Vaccine slowdown?
Tyler Cowen writes The behavioral economics of pandemic sex
John H. Cochrane writes Eurosclerosis update
Tyler Cowen writes Saturday assorted links
Tesla’s Technoking had a Damascene moment overnight,